Asia-Pacific: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Asia-Pacific

The Asia-Pacific mill rolling roll market shrank dramatically to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a abrupt decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Mill Rolling Roll Production in Asia-Pacific

In value terms, mill rolling roll production contracted to $X in 2022 estimated in export price. In general, production saw a pronounced downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Mill Rolling Roll Exports

Exports in Asia-Pacific

In 2022, shipments abroad of rolls for rolling mills increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, mill rolling roll exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate modest growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by India (X units), mixing up a X% share of total exports. The following exporters - Japan (X units), South Korea (X units) and Thailand (X units) - each finished at a X% share of total exports.

China was also the fastest-growing in terms of the rolls for rolling mills exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%) and Thailand (X%) displayed positive paces of growth. South Korea experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Japan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest mill rolling roll supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

In China, mill rolling roll exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the export price figures.

Mill Rolling Roll Imports

Imports in Asia-Pacific

In 2022, imports of rolls for rolling mills in Asia-Pacific was estimated at X units, picking up by X% compared with 2021 figures. Total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, mill rolling roll imports declined to $X in 2022. In general, imports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of mill rolling roll imports in 2022 were South Korea (X units), Thailand (X units) and India (X units), together accounting for X% of total import. It was distantly followed by Taiwan (Chinese) (X units), Vietnam (X units), Indonesia (X units) and China (X units), together mixing up a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), South Korea ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. China, Indonesia, Vietnam and Thailand lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, declining by X% against the previous year. In general, the import price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform